The Watertable Trust FY2020 filing

Irvine, CAUnknown exempt organizationEIN 82-0803461Revenue $5K in FY2020

On file with the IRSPo Box 19599 · Irvine, CA

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The Watertable Trust aims to meaningfully contribute to the artistic and cultural flourishing of los angeles. In hopes of becoming a generative source of the intangible and essential elements of cultural wellbeing, the Watertable Trust will generate projects that reconnect the traditions and visions of the world's religions to contemporary culture. IT will DO so by undertaking a range of projects that exemplify excellence, hospitality and generosity. Among these projects, the task of identifying, forming, and assisting artists who live and work purposefully by making conscientious,imaginative use of the cultural impact of their work, will be an ongoing priority. Cultivating the conditions that generate artists and art professionals who translate contemporary issues and ideas to challenge the complacency of the status quo in search of more transcendent principles will be the Watertable trust's highest and best work for los angeles and our cultural moment.

35¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average deficit $1K a year · 25% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
35%
of spending
Concern: 35% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Looks good: 9.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$835
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5K
Spent
$10K
To programs
35%
Net assets
$7K
By yearFY2020–FY2025
Revenue
$5K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$5K
FY2021$2K
FY2022Not on file
FY2023$6K
FY2024$6K
FY2025$2K
Expenses
$10K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$10K
FY2021Not on file
FY2022Not on file
FY2023$4K
FY2024$4K
FY2025$6K
Net assets
$7K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$7K
FY2021$4K
FY2022−$8
FY2023$2K
FY2024$3K
FY2025$0

From the FY2020 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

35 cents of each dollar spent went to programs.

Program services 35% · $3K Management & general 65% · $6K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
President/Trustor
$0Pt VII · Sec A
Trustee, Chairman
$0Pt VII · Sec A
Trustee, Vice Chairman,sec
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee, Deputy Director O
$0Pt VII · Sec A
Trustee, Director of Water
$0Pt VII · Sec A
Chief Finanial Officer, Tr
$0Pt VII · Sec A
See The Watertable Trust executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports artists and projects that connect religious traditions with contemporary culture in Los Angeles.

Provided by the organization

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1 program · $3K · in their own filed words · FY2020
01

In 2020, the watertable directors hosted a dinner at osteria mozza to immerse themselves and gain knowledge of art with special guests such as a descendant of van gogh to inspire the organization in their effort to establish programming in los angeles related to art and religion.

$3Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $1K · 2025–2025
Ahmanson Charitable Community TrustFY2025$1,051

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$5K
Ln 12
Gifts and grantsLn 1h$5K
Money outPt IX
$10K
Ln 25
Programscol B$3K
Managementcol C$6K
Owns and owesPt X
$7K
net assets · Ln 32
Cash and savingsLn 1–2$8K
Total assetsLn 16$8K
LiabilitiesLn 26$835
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5K
Total revenueLn 12$5K
Assets in detailPt X, end of year
CashLn 1$8K
Cash and savings togetherLn 1–2$8K
Total assetsLn 16$8K
LiabilitiesLn 26$835
Net assetsLn 32$7K
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$11K$8K
Total assetsLn 16$12K$8K
LiabilitiesLn 26$0$835
Net assetsLn 32$12K$7K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$50$50
Conferences, conventions and meetingsLn 19$2K$2K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$1K$1K$10
Total functional expensesLn 25$10K$3K$6K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2K$6K−$3K$0 990 PDF
FY2024 $6K$4K$2K$3K 990 PDF
FY2023 $6K$4K$2K$2K 990 PDF
FY2022 −$8 990 PDF
FY2021 $2K$4K 990 PDF
FY2020 Viewing $5K$10K−$5K$7K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $5,000 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $201,000$5,000
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $201,000$5,000
I-13 Grants and similar amounts paidPrior year $700$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $71,961$9,851
I-18 Total expensesPrior year $72,661$9,851
I-19 Revenue less expensesPrior year $128,339−$4,851
Part VI · Governance 7 of 7 board members independent, 5 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $5,000 across 3 lines filed
VIII-1f All other contributions, gifts and grants$5,000
VIII-1h Total contributions, gifts and grants$5,000
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$5,000
Part IX · Statement of functional expenses $9,851 across 6 lines filed
IX-11b Legal feesManagement $2,220$2,220
IX-11c Accounting feesManagement $3,095$3,095
IX-11g Other fees for servicesManagement $50$50
IX-19 Conferences, conventions and meetingsPrograms $2,391$2,391
IX-23 InsuranceManagement $1,041$1,041
IX-24 Other expenses (24a–d)Programs $1,044 · Management $10$1,054
IX-25 Total functional expensesPrograms $3,435 · Management $6,416 · Fundraising $0$9,851
Part X · Balance sheet $7,518 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $11,114$7,518
X-16 Total assetsStart of year $11,534$7,518
X-25 Other liabilitiesStart of year $0$835
X-26 Total liabilitiesStart of year $0$835
X-32 Total net assets or fund balancesStart of year $11,534$6,683
X-33 Total liabilities and net assetsStart of year $11,534$7,518
Part XI · Reconciliation of net assets $6,683 net assets at year end
XI-1 Total revenue$5,000
XI-2 Total expenses$9,851
XI-3 Revenue less expenses−$4,851
XI-4 Net assets at start of year$11,534
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,683

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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